$172.90 Million in Sales Expected for Heartland Express, Inc. (NASDAQ:HTLD) This Quarter

Wall Street brokerages expect Heartland Express, Inc. (NASDAQ:HTLD) to post sales of $172.90 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Heartland Express’ earnings. The lowest sales estimate is $166.78 million and the highest is $182.60 million. Heartland Express posted sales of $147.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The firm is expected to issue its next earnings results on Tuesday, January 28th.

According to Zacks, analysts expect that Heartland Express will report full year sales of $600.97 million for the current financial year, with estimates ranging from $593.06 million to $612.20 million. For the next year, analysts expect that the business will report sales of $689.15 million, with estimates ranging from $624.22 million to $727.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The business had revenue of $147.91 million during the quarter, compared to the consensus estimate of $147.02 million. During the same period last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis.

Several research analysts have recently commented on HTLD shares. Robert W. Baird set a $21.00 price objective on Heartland Express and gave the stock a “hold” rating in a report on Friday, July 19th. Morgan Stanley lifted their price objective on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Seaport Global Securities upgraded Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, September 5th. Barclays reiterated a “sell” rating and issued a $18.00 price objective on shares of Heartland Express in a report on Thursday, October 3rd. Finally, BidaskClub downgraded Heartland Express from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.86.

In other news, Director Larry J. Gordon sold 44,944 shares of Heartland Express stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.12, for a total value of $994,161.28. Following the transaction, the director now owns 303,159 shares in the company, valued at $6,705,877.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.80% of the stock is currently owned by insiders.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV purchased a new position in Heartland Express during the 2nd quarter valued at about $55,000. Russell Investments Group Ltd. purchased a new position in Heartland Express during the 3rd quarter valued at about $79,000. Bessemer Group Inc. purchased a new position in Heartland Express during the 2nd quarter valued at about $106,000. Royal Bank of Canada increased its holdings in Heartland Express by 18.7% during the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 1,048 shares during the period. Finally, Strs Ohio purchased a new position in Heartland Express during the 3rd quarter valued at about $122,000. Hedge funds and other institutional investors own 55.94% of the company’s stock.

Shares of Heartland Express stock traded up $0.05 during trading hours on Thursday, reaching $22.16. The company had a trading volume of 191,300 shares, compared to its average volume of 375,559. The firm has a market cap of $1.80 billion, a PE ratio of 25.18 and a beta of 0.77. The business has a fifty day simple moving average of $21.67 and a 200 day simple moving average of $20.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.29 and a quick ratio of 3.65. Heartland Express has a one year low of $17.00 and a one year high of $22.71.

Heartland Express Company Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.

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Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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